Pint by pint, C&C Group PLC (LSE:CCR) is holding steady in a tough market. The maker of Tennent’s, Magners and Bulmers said trading remains resilient despite “challenging” economic conditions and jittery consumers cutting back on nights out.
For the six months to the end of August, revenues slipped 4% to €825.7 million (£724 million), largely reflecting changes to its distribution deal with Budweiser Brewing Group. Even so, adjusted pre-tax profits rose 12% to €32.1 million (£28.2 million), helped by stronger sales from its core beer and cider brands. Tennent’s and Bulmers posted revenue growth, while Magners benefited from higher grocery demand.
The company noted that while pub sales have held up, growth in beer has come at the expense of wine and spirits. Chief executive Roger White called it a “solid” performance given the pressures facing the hospitality sector, adding that the group was “well prepared for the all-important festive trading period”.
Despite describing 2025 as another turbulent year for the on-trade, C&C said it remains on course to meet full-year targets.
The shares were flat in afternoon trading at 135.4p.